Dogecoin Network Activity Increases Amid Price Volatility, Raising Speculation on Potential Rebound
Main Idea
Dogecoin (DOGE) has seen a 34.91% surge in network activity with 157,190 active addresses, indicating increased investor engagement, despite a 2.19% price decline to $0.1996 and concerns over whale accumulation of over 1.1 billion DOGE.
Key Points
1. Dogecoin's network activity surged by 34.91%, with 157,190 active addresses in the last 24 hours.
2. The current Dogecoin price is $0.1996, reflecting a 2.19% decline in the last 24 hours.
3. Whales have accumulated over 1.1 billion DOGE, raising questions about market stability.
4. Trading volume has dipped by 17.91% to $1.45 billion.
5. The $0.20 resistance zone is a key level for Dogecoin; failure to reclaim it could see support drop to $0.191.
Description
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